AGI rolls out 5 recovery strategies

CLARK FREEPORT-Andrew Tan-led Alliance Global Group, Inc. (AGI) is rolling out a 5-point recovery strategy aimed at helping its various businesses quickly recover from the impact of the coronavirus pandemic.

With diversified interests in real estate, liquor, gaming and entertainment, hospitality, quick service restaurants, and infrastructure, AGI outlines its recovery strategies as follows: sustainability and wellbeing; earnings diversity; digitalization; financial flexibility; and adaptability.

“Armed with these strategies, our Group is ready to face the future with optimism and confidence, as we hurdle the current challenges and strengthen our leadership position in this New Reality. Today, businesses should pave the way in co-existing with the virus in order to survive,” Kevin Andrew Tan, AGI chief executive officer, said.

AGI anchors its recovery plans on a Sustainability and Wellbeing Strategy, in which its developments and projects will align with the United Nations Sustainable Development Goals. Megaworld’s township model remains to be the best example of sustainable real estate, with its well-contained residential communities, all Grade A and mostly LEED-certified office buildings, and wellthemed malls and retail developments.

The Group also prioritizes the well-being of its 85,000-strong employees through the roll-out of various health and wellness programs, and strengthened health insurance coverages to protect the welfare of its workforce even during a pandemic.

For Earnings Diversity Strategy, AGI will further diversify and expand its revenue mix to provide for future growth without sacrificing earnings stability. Megaworld, for its part, being the largest contributor in the holding firm’s revenues, will continue to build a significant recurring income stream from its office and mall rental businesses to counter the cyclicality of its residential developments. The company has also been growing the contribution of its projects in key provincial cities throughout the country to minimize its concentration of revenues in Metro Manila.